Simchas Mayer Fund Inc

Analysis

Simchas Mayer Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simchas Mayer Fund Inc reported income of $364k and spending of $409k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $364k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Simchas Mayer Fund Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Aging Together Corporation ($364k), Build Missouri Health ($364k) and Mahnomen Area Assisted Living Center Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $281k against liabilities of $0, net assets of $281k.